Kash Mansori surveys recent papers on: Trade and growth. His take:
...It is starting to seem like the discipline is tentatively considering something approaching the vague semblance of agreement about some aspects of how greater openness to international trade affects economic growth. In the past few years several different papers, using different methodologies, have concluded much the same thing: more exposure to international trade may cause faster economic growth and development, but does not always and necessarily do so, and the determinants of whether trade is good or bad for growth are institutions and other economic policies.
Sell for sell what has been traded for trade and you have an economic balance but exchange for exchange what is made better and cheaper over there. Without us what else can work but now what is working with them around.
Posted by: Gem Hudson | March 03, 2006 at 12:14 PM